IRENO
ActiveSummary
IRENO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.67M and a net result of €1.79M. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+3
Solvency53▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.43 in 2024; short-term debt: 66% and cash: 31.3% of total assets), and 72% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28%
Return on assets
30%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
3 d early
2023
27 d early
2022
4 d early
2021
83 d early
2020
18 d early
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.79M▲ 90.0%
2024 · €942k
Working capital
€1.19M▲ 20.2%
2024 · €988k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€414k▲ 187%€599k▲ 44.8%€362k▼ 39.5%€1.27M▲ 250%€2.41M▲ 89.5%
Net result€303k▲ 211%€457k▲ 50.8%€256k▼ 43.9%€942k▲ 268%€1.79M▲ 90.0%
Equity€858k▲ 38.5%€1.16M▲ 35.2%€1.35M▲ 16.5%€1.48M▲ 9.8%€1.67M▲ 12.7%
Total assets€2.07M▲ 86.9%€2.75M▲ 32.5%€2.67M▼ 2.8%€4.17M▲ 56.0%€5.97M▲ 43.4%
Debt€1.22M▲ 148%€1.59M▲ 30.6%€1.32M▼ 16.9%€2.68M▲ 103%€4.30M▲ 60.3%
Working capital€582k▲ 6.7%€808k▲ 38.8%€889k▲ 10.0%€988k▲ 11.2%€1.19M▲ 20.2%
Staff (FTE)4.2▼ 10.6%4.5▲ 7.1%5.5▲ 22.2%5.6▲ 1.8%4.6▼ 17.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 89% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.97M
Fixed assets
€841k ▼ 5.8%
Current assets
€5.13M ▲ 56.8%
Equity and liabilities €5.97M
Equity
€1.67M ▲ 12.7%
Debt
€4.30M ▲ 60.3%
Debt's share of the balance-sheet total rises from 64.4% to 72.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.57M▲
2024 · €1.41M
Cash flow
€1.96M▲
2024 · €1.09M
Current ratio
1.30▼
2024 · 1.43
Debt to equity
2.57▲
2024 · 1.81
ROE
107.1%▲
2024 · 63.5%
ROA
30.0%▲
2024 · 22.6%
Interest coverage
190.71▲
2024 · 145.10
Debt ≤ 1 year
€3.94M▲
2024 · €2.29M
Debt > 1 year
€357k▼
2024 · €397k
Income taxes
€610k▲
2024 · €328k
Staff costs
€339k▼
2024 · €421k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €242k | €314k | €403k | €421k | €339k | ▼ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €74k | €116k | €143k | €166k | ▲ 15.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-28k | €0 | - | - | €2k | - |
| Other operating charges640/8 | €86k | €13k | €68k | €12k | €51k | ▲ 326% |
| Non-recurring operating charges66A | €76 | €0 | €0 | - | - | - |
| Gross operating margin9900 | €754k | €1.00M | €949k | €1.85M | €2.96M | ▲ 60.6% |
| Operating profit (loss)9901 | €414k | €599k | €362k | €1.27M | €2.41M | ▲ 89.5% |
| Financial income75/76B | €494 | €32k | €5k | €10k | €7k | ▼ 25.9% |
| Recurring financial income75 | €494 | €32k | €5k | €10k | €7k | ▼ 25.9% |
| Financial charges65/66B | €5k | €12k | €14k | €10k | €13k | ▲ 38.5% |
| Recurring financial charges65 | €5k | €12k | €14k | €10k | €13k | ▲ 38.5% |
| Profit (loss) for the period before taxes9903 | €409k | €620k | €353k | €1.27M | €2.40M | ▲ 89.0% |
| Income taxes67/77 | €106k | €163k | €96k | €328k | €610k | ▲ 86.1% |
| Profit (loss) for the period9904 | €303k | €457k | €256k | €942k | €1.79M | ▲ 90.0% |
| Transfer from tax-exempt reserves789 | €39k | €89k | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €342k | €546k | €256k | €942k | €1.79M | ▲ 90.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.07M | €2.75M | €2.67M | €4.17M | €5.97M | ▲ 43.4% |
| Fixed assets21/28 | €663k | €753k | €921k | €892k | €841k | ▼ 5.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €585k | €667k | €837k | €779k | €691k | ▼ 11.2% |
| Land and buildings22 | €399k | €460k | €667k | €605k | €525k | ▼ 13.3% |
| Plant, machinery and equipment23 | €30k | €74k | €59k | €45k | €26k | ▼ 42.9% |
| Furniture and vehicles24 | €17k | €28k | €20k | €79k | €137k | ▲ 73.0% |
| Leasing and similar rights25 | €135k | €104k | €92k | €50k | €4k | ▼ 92.6% |
| Assets under construction and advance payments27 | €4k | €0 | - | - | - | - |
| Financial fixed assets28 | €78k | €86k | €84k | €114k | €150k | ▲ 31.7% |
| Current assets29/58 | €1.41M | €1.99M | €1.75M | €3.27M | €5.13M | ▲ 56.8% |
| Amounts receivable after more than one year29 | €75k | €75k | €95k | €75k | €75k | = |
| Other amounts receivable291 | €75k | €75k | €95k | €75k | €75k | = |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.15M | €992k | €1.08M | €2.59M | €3.16M | ▲ 22.3% |
| Trade receivables40 | €1.11M | €912k | €1.01M | €2.53M | €3.15M | ▲ 24.3% |
| Other amounts receivable41 | €47k | €80k | €66k | €55k | €15k | ▼ 72.2% |
| Cash at bank and in hand54/58 | €169k | €920k | €565k | €592k | €1.87M | ▲ 216% |
| Deferred charges and accrued income490/1 | €13k | €8k | €13k | €19k | €22k | ▲ 19.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.07M | €2.75M | €2.67M | €4.17M | €5.97M | ▲ 43.4% |
| Equity10/15 | €858k | €1.16M | €1.35M | €1.48M | €1.67M | ▲ 12.7% |
| Contributions10/11 | €14k | €14k | €14k | €14k | €14k | = |
| Reserves13 | €188k | €188k | €188k | €188k | €188k | = |
| Tax-exempt reserves132 | €89k | €0 | - | - | - | - |
| Distributable reserves133 | €99k | €188k | €188k | €188k | €188k | = |
| Profit (loss) carried forward14 | €656k | €958k | €1.15M | €1.28M | €1.47M | ▲ 14.7% |
| Amounts payable17/49 | €1.22M | €1.59M | €1.32M | €2.68M | €4.30M | ▲ 60.3% |
| Amounts payable after more than one year17 | €388k | €401k | €459k | €397k | €357k | ▼ 10.1% |
| Financial debts170/4 | €388k | €401k | €459k | €397k | €357k | ▼ 10.1% |
| Amounts payable within one year42/48 | €828k | €1.19M | €861k | €2.29M | €3.94M | ▲ 72.6% |
| Current portion of amounts payable after more than one year42 | €72k | €75k | €84k | €63k | €40k | ▼ 35.9% |
| Financial debts43 | €20k | €33k | €0 | - | €293k | - |
| Credit institutions430/8 | €20k | €33k | €0 | - | €293k | - |
| Trade debts44 | €519k | €712k | €616k | €1.28M | €1.81M | ▲ 41.5% |
| Suppliers440/4 | €519k | €712k | €616k | €1.28M | €1.81M | ▲ 41.5% |
| Taxes, remuneration and social security45 | €152k | €211k | €95k | €133k | €198k | ▲ 49.2% |
| Taxes450/3 | €120k | €172k | €33k | €81k | €140k | ▲ 73.4% |
| Remuneration and social security454/9 | €33k | €39k | €61k | €52k | €58k | ▲ 11.7% |
| Other amounts payable47/48 | €65k | €156k | €65k | €811k | €1.60M | ▲ 97.7% |
| Accrued charges and deferred income492/3 | €37 | €41 | €0 | - | €136 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €303k | €457k | €256k | €942k | €1.79M | ▲ 90.0% |
| + Depreciation and write-downs630 | €40k | €74k | €116k | €143k | €166k | ▲ 15.7% |
| Operating cash flow (approximation) | €343k | €531k | €372k | €1.09M | €1.96M | ▲ 80.2% |
| Investment in fixed assets (approximation) | - | €-164k | €-284k | €-114k | €-114k | ▼ 0.1% |
| Change in cash | - | €751k | €-355k | €27k | €1.28M | ▲ 4,682% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €1.79M ▲90%
Operating result €2.41M, net result €1.79M, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1MEq €1.16M ▲35.2%
4 profitable years in a row build equity to €1.16M.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Stavelot · 1 establishment unit since 2008
Ground area
2,813 m²
Building footprint
303 m²
Volume, LiDAR
1,421 m³
Parcel 63073B2380/00N002, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue Saint Laurent 19, 4970 Stavelot
since 20082.173.074.568
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63073B2380/00N002 | Wallonia | 2,813 m² | 1 · 303 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
36 categoriesIRENO SRL31403
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,414. 2,327 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43333Wallpapering and laying of floor and wall coverings in other materials
43910Bricklaying and masonry work
Contact
Phone
0498641581Stavelot
Scores and ratios are computed by Checked and are not a credit decision.